Vishnu Prakash R Punglia jumps on getting LoA from MRVCL
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Vishnu Prakash R Punglia is currently trading at Rs. 189.75, up by 4.50 points or 2.43% from its previous closing of Rs. 185.25 on the BSE.
The scrip opened at Rs. 185.40 and has touched a high and low of Rs. 192.00 and Rs. 185.40 respectively. So far 66030 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 242.45 on 27-Dec-2023 and a 52 week low of Rs. 144.00 on 05-Sep-2023.
Last one week high and low of the scrip stood at Rs. 225.35 and Rs. 180.35 respectively. The current market cap of the company is Rs. 2368.24 crore.
The promoters holding in the company stood at 67.81%, while Institutions and Non-Institutions held 8.01% and 24.18% respectively.
Vishnu Prakash R Punglia has received a Letter of Acceptance (LoA) from the Office of Mumbai Railway Vikas Corporation (MRVCL), a PSU under the Government of India's Ministry of Railways. The Letter of Acceptance pertains to the prestigious project titled ‘Construction of new Suburban Railway Station along with other allied works at Chikhloli in connection with the proposed 3rd & 4th line between Kalyan-Badlapur stations of Mumbai Division Central Railway.’
Following the submission of the tender on December 27, 2023, Vishnu Prakash R Punglia has been selected as the chosen contractor for this significant endeavor. The tender, evaluated and accepted by the competent authority, having a total value of Rs 73.93 crore plus applicable GST.
Vishnu Prakash R Punglia is engaged in the business of designing and constructing infrastructure projects for the Central and State Governments, autonomous bodies and private bodies.
